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# Management Science

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Subject: Mangement Science
Details: 1. The owner of Chips, etc. produces 2 kinds of chips: Lime (L) and Vinegar (V). He has a limited amount of the 3 ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 200 ounces of herbs. A bag of Lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of Vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of Lime chips are \$0.40, and a bag of Vinegar chips \$0.50. Which of the following is not a feasible production combination? (Chapter four)

a. OL and OV
b. OL and 100V
c. 1000L and OV
d. OL and 1200V

2. The production manager for the Rusty soft drink company is considering the production of 2 kinds of soft drinks: regular and diet. Two of her resources are constraint production time (8hours = 480 minutes per day) and syrup (1 of her ingredients) limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drinks are \$3.00 per case and profits for diet soft drinks are \$2.00 per case. What is the objective function? (Chapter 5)

a. \$3R + \$2D
b. \$3D + \$2R
c. \$4D + \$2R
d. \$4R + \$2D

3. A transportation table that has a cell evaluation of 0 means that ______________. (Chapter 6).

a. the table is optimal
b. am equivalent alternative solution exists
c. supply and demand are equal
d. the solution is not optimal

4. An important question usually asked by a manager using a PERT chart is ___________________. (Chapter 8)

a. How can I effectively concentrate resources on
activities to speed up the project completion date?
b. What is the variability in the expected project
completion date?
c. What is the expected project completion date?
d. all of the above

5. Goal equations consist of function that defines goal achievement and
deviation variables that measure ______________. (Chapter 9)

a. the number of targets
b. the distance from the target
c. importance of the targets
d. all of the above